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OPPORTUNITY FINANCE NETWORK'S (OFN) MISSION IS TO LEAD COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) AND THEIR PARTNERS TO ENSURE THAT LOW-INCOME, LOW-WEALTH, AND OTHER DISINVESTED PEOPLE AND COMMUNITIES HAVE ACCESS TO AFFORDABLE, RESPONSIBLE FINANCIAL PRODUCTS AND SERVICES. OFN IS A NATIONAL LEADERSHIP NETWORK OF MORE THAN 450+CDFIS, INCLUDING COMMUNITY BANKS, CREDIT UNIONS, AND LOAN FUNDS. OFN, THROUGH ITS MEMBERS, INVESTS IN LOW-INCOME AND UNDERSERVED RURAL, URBAN, AND NATIVE AMERICAN COMMUNITIES ACROSS ALL 50 STATES IN AMERICA; PROVIDING AFFORDABLE, RESPONSIBLE CREDIT THAT FINANCES COMMUNITY BUSINESSES, SPARKS JOB GROWTH IN THE AREAS THAT NEED IT MOST, AND DELIVERING BOTH SOUND FINANCIAL RETURNS AND REAL CHANGES FOR PEOPLE AND COMMUNITIES. OFN'S PROGRAM SERVICE OFFERINGS INCLUDE PROVIDING FINANCIAL PRODUCTS AND SERVICES FOR CDFIS, INCREASING THE STRENGTH AND CAPACITY OF THE CDFI INDUSTRY, AND AMPLIFYING THE VOICE OF THE INDUSTRY.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$2.3B
Program Spending
86%
of total expenses go to program services
Total Contributions
$2.3B
Total Expenses
▼$41M
Total Assets
$2.6B
Total Liabilities
▼$198.6M
Net Assets
$2.4B
Officer Compensation
→$2.4M
Other Salaries
$6.5M
Investment Income
$4.6M
Fundraising
▼N/A
Tax Year 2024 · Source: IRS Form 990, Schedule I (Grants and Other Assistance)
Total grants awarded: $14.8M
| Recipient | Location | Amount | Type | Purpose |
|---|---|---|---|---|
SPRUCE ROOT INC45-4295940 | JUNEAU, AK | $500K | Cash | OPERATING GRANT |
COOK INLET LENDING CENTER INC92-0177969 | ANCHORAGE, AK | $500K | Cash | OPERATING GRANT |
ACCESSITY33-0620415 | SAN DIEGO, CA | $500K | Cash | OPERATING GRANT |
WHITE EARTH INVESTMENT INITIATIVE | DETROIT LAKES, MN | $500K | Cash | OPERATING GRANT |
NEIGHBORHOOD DEVELOPMENT CENTER INC41-1738791 | SAINT PAUL, MN | $500K | Cash | OPERATING GRANT |
| ROCKVILLE CENTRE, NY | $400K | Cash | OPERATING GRANT | |
PATHSTONE ENTERPRISE CENTER16-1534956 | ROCHESTER, NY | $400K | Cash | OPERATING GRANT |
CO-OP FUND OF THE NORTHEAST | WATERTOWN, MA | $400K | Cash | OPERATING GRANT |
PACIFIC NORTHWEST TRIBAL LENDING37-1525217 | BELLINGHAM, WA | $400K | Cash | OPERATING GRANT |
WISCONSIN NATIVE LOAN FUND INC43-2116172 | LAC DU FLAMBEAU, WI | $400K | Cash | OPERATING GRANT |
JUST COMMUNITY INC81-1447315 | AUSTIN, TX | $350K | Cash | OPERATING GRANT |
WORKING SOLUTIONS CDFI91-1951777 | SAN FRANCISCO, CA | $350K | Cash | OPERATING GRANT |
VIRGINIA COMMUNITY DEVELOPMENT FUND INC54-1914519 | RICHMOND, VA | $300K | Cash | OPERATING GRANT |
FOUR BANDS COMMUNITY FUND INC46-0456528 | EAGLE BUTTE, SD | $300K | Cash | OPERATING GRANT |
IMPACT LOAN FUND INC23-3032463 | PHILADELPHIA, PA | $300K | Cash | OPERATING GRANT |
LATINO ECONOMIC DEVELOPMENT CENTER52-1749216 | SAINT PAUL, MN | $300K | Cash | OPERATING GRANT |
MISSION ECONOMIC DEVELOPMENT AGENCY51-0187791 | SAN FRANCISCO, CA | $300K | Cash | OPERATING GRANT |
ONE ROOF COMMUNITY HOUSING41-1678328 | DULUTH, MN | $300K | Cash | OPERATING GRANT |
PROPEL NONPROFITS41-1916373 | MINNEAPOLIS, MN | $300K | Cash | OPERATING GRANT |
| COVINGTON, KY | $300K | Cash | OPERATING GRANT | |
SHARED CAPITAL COOPERATIVE41-1621896 | SAINT PAUL, MN | $300K | Cash | OPERATING GRANT |
ACCOMPANY CAPITAL81-0584343 | NEW YORK, NY | $250K | Cash | OPERATING GRANT |
ALLIES FOR COMMUNITY BUSINESS36-3966573 | CHICAGO, IL | $250K | Cash | OPERATING GRANT |
HARLEM ENTREPRENEURIAL FUND LLC26-1393970 | NEW YORK, NY | $250K | Cash | OPERATING GRANT |
ALBANY COMMUNITY TOGETHER INC58-2497789 | ALBANY, GA | $250K | Cash | OPERATING GRANT |
CIVIC COMMUNITY PARTNERS46-0660465 | SAN DIEGO, CA | $250K | Cash | OPERATING GRANT |
COMMUNITY CAPITAL NEW YORK INC13-3544227 | ELMSFORD, NY | $250K | Cash | OPERATING GRANT |
THE CAPITAL GOOD FUND80-0348382 | PROVIDENCE, RI | $250K | Cash | OPERATING GRANT |
TRUFUND FINANCIAL SERVICES INC59-3814814 | NEW YORK, NY | $250K | Cash | OPERATING GRANT |
THE GENESIS FUND | BRUNSWICK, ME | $250K | Cash | OPERATING GRANT |
THE WORKING WORLD INC20-2264584 | NEW YORK, NY | $250K | Cash | OPERATING GRANT |
COMMUNITY HEALTH CENTER CAPITAL FUND | BOSTON, MA | $250K | Cash | OPERATING GRANT |
COMMUNITY FUND OF NORTH MIAMI DADE59-2106635 | OPALOCKA, FL | $250K | Cash | OPERATING GRANT |
NORTHERN GREAT LAKES INITIATIVES38-3024786 | MARQUETTE, MI | $250K | Cash | OPERATING GRANT |
| MILWAUKEE, WI | $250K | Cash | OPERATING GRANT | |
CALIFORNIA FARMLINK94-3332630 | APTOS, CA | $250K | Cash | OPERATING GRANT |
BLACK BUSINESS INVESTMENT FUND59-2861155 | ORLANDO, FL | $250K | Cash | OPERATING GRANT |
TMC COMMUNITY CAPITAL85-5204018 | OAKLAND, CA | $250K | Cash | OPERATING GRANT |
ALTCAP41-2182277 | KANSAS CITY, MO | $250K | Cash | OPERATING GRANT |
VITAL HEALTHCARE CAPITAL45-4014553 | NEW YORK, NY | $250K | Cash | OPERATING GRANT |
| SAINT LOUIS, MO | $250K | Cash | OPERATING GRANT | |
| LYONS, NE | $200K | Cash | OPERATING GRANT | |
GREATER NEWARK ENTERPRISES CORPORATION20-2247312 | NEWARK, NJ | $200K | Cash | OPERATING GRANT |
HOUSING ASSISTANCE COUNCIL52-0939288 | WASHINGTON, DC | $200K | Cash | OPERATING GRANT |
KENTUCKY HIGHLANDS INVESTMENT CORP61-0673339 | LONDON, KY | $200K | Cash | OPERATING GRANT |
LIFTFUND INC74-2712770 | SAN ANTONIO, TX | $200K | Cash | OPERATING GRANT |
NONPROFIT FINANCE FUND13-3238657 | NEW YORK, NY | $200K | Cash | OPERATING GRANT |
REDF IMPACT INVESTING FUND84-2301234 | SAN FRANCISCO, CA | $200K | Cash | OPERATING GRANT |
MAINSTREAM FINANCE | BANGOR, ME | $150K | Cash | OPERATING GRANT |
NEIGHBORHOOD COMMUNITY DEVELOPMENT FUND25-1855490 | PITTSBURGH, PA | $100K | Cash | OPERATING GRANT |
ILLINOIS FACILITIES FUND36-3656836 | CHICAGO, IL | $100K | Cash | OPERATING GRANT |
CLEARINGHOUSE CDFI33-0735318 | LAKE FOREST, CA | $100K | Cash | OPERATING GRANT |
RURAL COMMUNITY ASSISTANCE CORPORATION94-2512284 | WEST SACRAMENTO, CA | $50K | Cash | OPERATING GRANT |
| Total | $14.8M | |||
JUNEAU, AK
$500K
ANCHORAGE, AK
$500K
SAN DIEGO, CA
$500K
WHITE EARTH INVESTMENT INITIATIVE
DETROIT LAKES, MN
$500K
SAINT PAUL, MN
$500K
ROCKVILLE CENTRE, NY
$400K
ROCHESTER, NY
$400K
CO-OP FUND OF THE NORTHEAST
WATERTOWN, MA
$400K
BELLINGHAM, WA
$400K
LAC DU FLAMBEAU, WI
$400K
AUSTIN, TX
$350K
SAN FRANCISCO, CA
$350K
RICHMOND, VA
$300K
EAGLE BUTTE, SD
$300K
PHILADELPHIA, PA
$300K
SAINT PAUL, MN
$300K
SAN FRANCISCO, CA
$300K
DULUTH, MN
$300K
MINNEAPOLIS, MN
$300K
COVINGTON, KY
$300K
SAINT PAUL, MN
$300K
NEW YORK, NY
$250K
CHICAGO, IL
$250K
NEW YORK, NY
$250K
ALBANY, GA
$250K
SAN DIEGO, CA
$250K
ELMSFORD, NY
$250K
PROVIDENCE, RI
$250K
NEW YORK, NY
$250K
THE GENESIS FUND
BRUNSWICK, ME
$250K
NEW YORK, NY
$250K
COMMUNITY HEALTH CENTER CAPITAL FUND
BOSTON, MA
$250K
OPALOCKA, FL
$250K
MARQUETTE, MI
$250K
MILWAUKEE, WI
$250K
APTOS, CA
$250K
ORLANDO, FL
$250K
OAKLAND, CA
$250K
KANSAS CITY, MO
$250K
NEW YORK, NY
$250K
SAINT LOUIS, MO
$250K
$200K
NEWARK, NJ
$200K
WASHINGTON, DC
$200K
LONDON, KY
$200K
SAN ANTONIO, TX
$200K
NEW YORK, NY
$200K
SAN FRANCISCO, CA
$200K
MAINSTREAM FINANCE
BANGOR, ME
$150K
PITTSBURGH, PA
$100K
CHICAGO, IL
$100K
LAKE FOREST, CA
$100K
WEST SACRAMENTO, CA
$50K
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$2.3B
Awards Found
16
Environmental Protection Agency
$2.3B
DESCRIPTION:THIS AGREEMENT PROVIDES FUNDING UNDER THE INFLATION REDUCTION ACT (IRA) TO OPPORTUNITY FINANCE NETWORK (OFN). THE RECIPIENT WILL PROVIDE FUNDING AND TECHNICAL ASSISTANCE TO COMMUNITY LENDERS WHO WILL IN TURN FINANCE CLEAN TECHNOLOGY DEPLOYMENT IN LOW-INCOME AND DISADVANTAGED COMMUNITIES WHILE SIMULTANEOUSLY BUILDING THE CAPACITY OF THE COMMUNITY LENDERS TO DRAW ON THAT CAPITAL TO CATALYZE DEPLOYMENT OF PROJECTS IN COMMUNITIES ACROSS THE COUNTRYMDASH;ESPECIALLY IN COMMUNITIES THAT HAVE LONG FACED BARRIERS ACCESSING CAPITAL AND THAT MOST NEED THE BENEFITS OF CLEAN TECHNOLOGY PROJECTS. SPECIFICALLY, THE RECIPIENT'S COMMUNITY LENDERS CLIMB: CLEAN LENDING INVESTMENT MOBILIZATION (CLIMB) PROGRAM WILL PUT MISSION-DRIVEN COMMUNITY LENDERS AT THE FOREFRONT OF MARKET TRANSFORMATION FOR CLEAN FINANCE IN LOW-INCOME AND DISADVANTAGED COMMUNITIES. OFN WILL LEVERAGE ITS DEEP EXPERIENCE AS A HUB NONPROFIT TO PROVIDE A COMPREHENSIVE FINANCIAL AND TECHNICAL PACKAGE TO ITS MEMBERS, SO THEY CAN COMBAT CLIMATE CHANGE, IMPROVE EQUITY, AND DELIVER BENEFITS TO THEIR COMMUNITIES. ACTIVITIES:THE ACTIVITIES INCLUDE LEVERAGING CCIA FUNDING TO PROVIDE CAPITALIZATION FUNDING AND TECHNICAL ASSISTANCE (TA) SUBAWARDS TO MISSION-DRIVEN COMMUNITY LENDERS TO BUILD THEIR CAPACITY TO INVEST AND REINVEST IN PROJECTS, ACTIVITIES, AND TECHNOLOGIES THAT REDUCE EMISSIONS OF GREENHOUSE GASES AND OTHER AIR POLLUTANTS. OFN DESIGNED ITS CLIMB INVESTMENT STRATEGY TO TRANSFORM CLEAN FINANCING MARKETS AND IMPROVE HEALTH AND ECONOMIC OUTCOMES IN LOW-INCOME AND DISADVANTAGED COMMUNITIES BY GROWING MEMBERS' CLEAN FINANCING CAPACITY WITH A THOUGHTFUL PASS-THROUGH STRATEGY AND CURATED TA SERVICES. OFN WILL EFFECTIVELY AND EQUITABLY ANALYZE CAPITALIZATION FUNDING AND TA SUBAWARD APPLICATIONS USING ITS CLIMATE LENDING INVESTMENT MOBILIZATION ASSESSMENT TOOL (CLIMAT). SUBRECIPIENT:THE RECIPIENT WILL PROVIDE CAPITALIZATION FUNDING AND TECHNICAL ASSISTANCE (TA) SUBAWARDS TO MISSION-DRIVEN COMMUNITY LENDERS, WHICH WILL BE USED TO SUPPORT THEIR MATURATION AND MARKET TRANSFORMATION WITH THE PIPELINES AND CAPACITY TO DEPLOY CCIA FUNDING AND PRIVATE CAPITAL TO ELIGIBLE PROJECTS BENEFITTING LOW-INCOME AND DISADVANTAGED COMMUNITIES, INCLUDING HOUSEHOLDS AND BUSINESSES, IN BOTH THE SHORT- AND LONG-TERM. SPECIFICALLY, OPPORTUNITY FINANCE NETWORK WILL REACH AND GROW ITS NETWORK OF MORE THAN 400 MISSION-DRIVEN COMMUNITY LENDERS, WHO IN TURN, VIA SUBAWARDS, WILL FINANCE CLEAN ENERGY PROJECTS SPANNING DISTRIBUTED ENERGY GENERATION AND STORAGE (E.G., COMMUNITY SOLAR/WIND, RESIDENTIAL ROOFTOP SOLAR), NET-ZERO EMISSIONS BUILDINGS (E.G., SINGLE AND MULTI-FAMILY RESIDENTIAL, COMMUNITY LOCATIONS, COMMERCIAL, MUNICIPAL), AND ZERO EMISSIONS TRANSPORTATION (E.G., ZERO EMISSIONS VEHICLES, CHARGING STATIONS) IN LOW-INCOME AND DISADVANTAGED COMMUNITIES, THEREBY ENABLING THEM TO BENEFIT FROM ENHANCED AIR QUALITY, BOOSTED PROPERTY VALUES, THRIVING DIVERSE SMALL BUSINESSES, WEALTH-BUILDING OPPORTUNITIES IN THE CLEAN ENERGY ECONOMY, AND CLEAN ENERGY JOBS.OUTCOMES:THE ANTICIPATED DELIVERABLES INCLUDE CAPITALIZATION FUNDING AND TECHNICAL ASSISTANCE (TA) SUBAWARDS TO MISSION-DRIVEN COMMUNITY LENDERS, WITH 100% OF CCIA GRANT FUNDS DEPLOYED FOR THE PURPOSES OF PROVIDING FINANCIAL AND TECHNICAL ASSISTANCE SERVING LOW-INCOME AND DISADVANTAGED COMMUNITIES. THE EXPECTED OUTCOMES SPAN ALL THREE PROGRAM OBJECTIVES AND INCLUDE REDUCED OR AVOIDED GREENHOUSE GAS EMISSIONS AND OTHER AIR POLLUTANTS, ENHANCED HEALTH AND ECONOMIC OUTCOMES (E.G., AIR QUALITY, HOUSEHOLD WEALTH, FINANCIAL SAVINGS, ENERGY SAVINGS, BUSINESS DEVELOPMENT, JOB CREATION, TRAINING AND DEVELOPMENT) FOR THE LOW-INCOME AND DISADVANTAGED COMMUNITIES MOST AFFECTED BY CLIMATE CHANGE, AND A REVOLUTIONIZED APPROACH TO CLEAN FINANCING VIA CAPITALIZATION FUNDING AND TA SUBAWARDS TO MISSION-DRIVEN COMMUNITY LENDERS AND THE MOBILIZATION OF PRIVATE CAPITAL. THE INTENDED BENEFICIARIES INCLUDE LOW-INCOME AND DISADVANTAGED COMMUNITIES, INCLUDING HOUSEHOLD
Department of the Treasury
$3.7M
PURPOSE: TO PROVIDE GRANTS TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) FOR THE FOLLOWING PURPOSES 1) TO EXPAND LENDING, GRANT MAKING AND INVESTMENT ACTIVITIES IN LOW OR MODERATE INCOME COMMUNITIES AND TO BORROWERS THAT HAVE HISTORICALLY EXPERIENCED SIGNIFICANT UNMET CAPITAL AND FINANCIAL SERVICES NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID 19 PANDEMIC; AND 2) TO ENABLE CDFIS TO BUILD ORGANIZATIONAL CAPACITY AND ACQUIRE TECHNOLOGY, STAFF, AND OTHER TOOLS NECESSARY TO ACCOMPLISH THE ACTIVITIES UNDER A CDFI ERP AWARD. PLANNED ACTIVITIES: ELIGIBLE ACTIVITIES INCLUDE FINANCIAL PRODUCTS, FINANCIAL SERVICES, DEVELOPMENT SERVICES, GRANTS, LOAN LOSS RESERVES AND CAPITAL RESERVES THAT MAY BE USED TO MITIGATE THE IMPACT OF THE COVID 19 PANDEMIC ON UNEMPLOYMENT, CHILDCARE, HEALTHCARE, MENTAL HEALTHCARE, AFFORDABLE HOUSING, AFFORDABLE HOUSING FINANCE, SMALL BUSINESS, SMALL FARMS, BROADBAND INTERNET, AND FOOD SUFFICIENCY. IN ADDITION, TO SUPPORT CDFIS IN BUILDING THEIR CAPACITY TO RESPOND TO THE ECONOMIC IMPACT OF COVID 19, CDFI ERP AWARDS MAY BE USED FOR COMPENSATION PERSONAL SERVICES; COMPENSATION FRINGE BENEFITS; PROFESSIONAL SERVICE COSTS; TRAVEL COSTS; TRAINING AND EDUCATION COSTS; EQUIPMENT; SUPPLIES. END GOALS: EXPANDED FINANCING FOR LOW TO MODERATE INCOME COMMUNITIES AND INDIVIDUALS THAT HAVE HISTORICALLY EXPERIENCED SIGNIFICANT UNMET CAPITAL AND FINANCIAL SERVICES NEEDS AND WERE DISPROPORTIONATELY IMPACTED BY THE COVID 19 PANDEMIC INCLUDING SPECIFIC DESIGNATED COVID IMPACTED CDFI ERP ELIGIBLE GEOGRAPHIES AS AREAS THAT MAY BENEFIT FROM CDFI ERP ASSISTANCE. BENEFICIARIES: CERTIFIED CDFIS WHICH MAY BE FOR PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, AND OTHER PRIVATE INSTITUTION/ORGANIZATION, AS DEFINED IN 12 C.F.R. 1805, AND LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Department of the Treasury
$640K
PURPOSE: TO PROMOTE ECONOMIC REVITALIZATION AND COMMUNITY DEVELOPMENT THROUGH INVESTMENT IN AND FINANCIAL ASSISTANCE TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS). PLANNED ACTIVITIES: FINANCIAL ASSISTANCE MUST BE USED FOR FINANCIAL PRODUCTS, FINANCIAL SERVICES (REGULATED INSTITUTIONS ONLY), DEVELOPMENT SERVICES, LOAN LOSS RESERVES, AND CAPITAL RESERVES (REGULATED INSTITUTIONS ONLY), IN AN ELIGIBLE MARKET OR THE RECIPIENT’S APPROVED TARGET MARKET. END GOALS: THE GOAL OF THE FINANCIAL ASSISTANCE IS FOR CDFIS TO BUILD THEIR FINANCIAL CAPACITY TO LEND TO ELIGIBLE MARKETS AND/OR THEIR TARGET MARKETS, IN ORDER TO SERVE RURAL AND URBAN LOW INCOME PEOPLE, AND COMMUNITIES ACROSS THE NATION THAT LACK ADEQUATE ACCESS TO AFFORDABLE FINANCIAL PRODUCTS AND FINANCIAL SERVICES. BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, OTHER PRIVATE INSTITUTION/ORGANIZATION INVESTMENT AREAS AND TARGETED POPULATIONS, AS DEFINED IN 12 C.F.R. 1805. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: THE RIEGLE ACT (P.L. 103 325), THE STATUTE WHICH AUTHORIZES THE CDFI PROGRAM, REQUIRES THAT FINANCIAL ASSISTANCE AWARDS, INCLUDING BASE FINANCIAL ASSISTANCE (BASE FA), DISABILITY FUNDS FINANCIAL ASSISTANCE (DF FA), AND PERSISTENT POVERTY COUNTIES FINANCIAL ASSISTANCE (PPC FA), BE MATCHED WITH FUNDS FROM NON FEDERAL GOVERNMENT SOURCES AND COMPARABLE IN FORM AND VALUE TO THE FA AWARD. MODIFICATIONS WOULD BE REQUIRED IF THERE IS A CHANGE IN THE FORM AND/OR AMOUNT ORIGINALLY OBLIGATED FOR THE AWARD, BASED ON APPROVED MATCHING FUNDS. NOTE: MATCHING FUNDS ARE REQUIRED ONLY FOR ORGANIZATIONS APPLYING AS CATEGORY II/CORE FA APPLICANTS UNDER THE CDFI PROGRAM. MATCHING FUNDS ARE NOT REQUIRED FOR ANY NATIVE CDFI APPLICANTS OR HOUSING PRODUCTION FINANCIAL ASSISTANCE AWARDS (HP FA). ADDITIONALLY, MATCHING FUNDS ARE NOT REQUIRED FOR SMALL AND EMERGING CDFI ASSISTANCE (SECA) FA APPLICANTS AND HEALTHY FOOD FINANCING INITIATIVES (HFFI) FA APPLICANTS, PENDING FINAL FY 2025 APPROPRIATIONS LANGUAGE.
Department of the Treasury
$590K
PURPOSE: TO PROMOTE ECONOMIC REVITALIZATION AND COMMUNITY DEVELOPMENT THROUGH INVESTMENT IN AND FINANCIAL ASSISTANCE TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS). PLANNED ACTIVITIES: FINANCIAL ASSISTANCE MUST BE USED FOR FINANCIAL PRODUCTS, FINANCIAL SERVICES (REGULATED INSTITUTIONS ONLY), DEVELOPMENT SERVICES, LOAN LOSS RESERVES, AND CAPITAL RESERVES (REGULATED INSTITUTIONS ONLY), IN AN ELIGIBLE MARKET OR THE RECIPIENT’S APPROVED TARGET MARKET. END GOALS: THE GOAL OF THE FINANCIAL ASSISTANCE IS FOR CDFIS TO BUILD THEIR FINANCIAL CAPACITY TO LEND TO ELIGIBLE MARKETS AND/OR THEIR TARGET MARKETS, IN ORDER TO SERVE RURAL AND URBAN LOW INCOME PEOPLE, AND COMMUNITIES ACROSS THE NATION THAT LACK ADEQUATE ACCESS TO AFFORDABLE FINANCIAL PRODUCTS AND FINANCIAL SERVICES. BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, OTHER PRIVATE INSTITUTION/ORGANIZATION INVESTMENT AREAS AND TARGETED POPULATIONS, AS DEFINED IN 12 C.F.R. 1805. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON/PURPOSE OF MODIFICATION: THE RIEGLE ACT (P.L. 103 325), THE STATUTE WHICH AUTHORIZES THE CDFI PROGRAM, REQUIRES THAT FINANCIAL ASSISTANCE AWARDS, INCLUDING BASE FINANCIAL ASSISTANCE (BASE FA), DISABILITY FUNDS FINANCIAL ASSISTANCE (DF FA), AND PERSISTENT POVERTY COUNTIES FINANCIAL ASSISTANCE (PPC FA), BE MATCHED WITH FUNDS FROM NON FEDERAL GOVERNMENT SOURCES AND COMPARABLE IN FORM AND VALUE TO THE FA AWARD. MODIFICATIONS WOULD BE REQUIRED IF THERE IS A CHANGE IN THE FORM AND/OR AMOUNT ORIGINALLY OBLIGATED FOR THE AWARD, BASED ON APPROVED MATCHING FUNDS. NOTE: MATCHING FUNDS ARE REQUIRED ONLY FOR ORGANIZATIONS APPLYING AS CATEGORY II/CORE FA APPLICANTS UNDER THE CDFI PROGRAM. MATCHING FUNDS ARE NOT REQUIRED FOR ANY NATIVE CDFI APPLICANTS OR HOUSING PRODUCTION FINANCIAL ASSISTANCE AWARDS (HP FA). ADDITIONALLY, MATCHING FUNDS ARE NOT REQUIRED FOR SMALL AND EMERGING CDFI ASSISTANCE (SECA) FA APPLICANTS AND HEALTHY FOOD FINANCING INITIATIVES (HFFI) FA APPLICANTS, PENDING FINAL FY 2025 APPROPRIATIONS LANGUAGE.
Small Business Administration
-$42.8K
MICROLOAN PROGRAM - TECHNICAL ASSISTANCE GRANT
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
10
Clean Audits
10
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Clean | Unmodified (Clean) | $492.9M | Yes | 2026-05-05 |
| 2024 | Clean | Unmodified (Clean) | $467.8M | Yes | 2025-09-04 |
| 2023 | Clean | Unmodified (Clean) | $426.5M | Yes | 2024-09-16 |
| 2022 | Clean | Unmodified (Clean) | $441.1M | Yes | 2023-07-16 |
| 2021 | Clean | Unmodified (Clean) | $422.5M | Yes | 2022-09-07 |
| 2020 | Clean | Unmodified (Clean) | $385.3M | Yes | 2021-08-19 |
| 2019 | Clean | Unmodified (Clean) | $334.4M | Yes | 2020-06-18 |
| 2018 | Clean | Unmodified (Clean) | $291.6M | Yes | 2019-08-04 |
| 2017 | Clean | Unmodified (Clean) | $197M | Yes | 2018-06-12 |
| 2016 | Clean | Unmodified (Clean) | $146.1M | Yes | 2017-06-19 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$492.9M
Financial Report
Unmodified (Clean)
Federal Expenditure
$467.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$426.5M
Financial Report
Unmodified (Clean)
Federal Expenditure
$441.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$422.5M
Financial Report
Unmodified (Clean)
Federal Expenditure
$385.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$334.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$291.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$197M
Financial Report
Unmodified (Clean)
Federal Expenditure
$146.1M
Tax Year 2024 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $2.3B | $2.3B | $41M | $2.6B | $2.4B |
| 2023IRS e-File | $25M | $7M | $31.2M | $313.6M | $133.5M |
| 2022 | $76M | $63.1M | $36.5M | $294.2M | $139.5M |
| 2021 | $52M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Harold Pettigrew | President & CEO | 40 | $468.9K | $0 | $11.8K | $480.7K |
| Amber Kuchar Bell | Evp, Chief Strategy & Oper | 40 | $347.1K | $0 | $34.4K | $381.5K |
| Dafina Williams | Evp, Chief External Affair | 40 | $267.5K | $0 | $24K | $291.5K |
| Brendon Miller Since 124 | Evp, Chief Of Staff & Head Of Communications | 40 | $277.3K | $0 | $767 | $278K |
| Mary Wright | Svp, Financial Servi | 40 | $230K | $0 | $9,733 | $239.7K |
| Shakeyda Daniels | Svp, Financial Servi | 40 | $209.7K | $0 | $17.6K | $227.3K |
| Kevin Fryatt Since 624 | Evp, Chief Operating Officer | 40 | $153.9K | $0 | $9,129 | $163K |
| Henry Jimenez | Board Vice Chair Since 10/24 | 2 | $0 | $0 | $0 | $0 |
| David Beck | Board Member Until 10/24 | 2 | $0 | $0 | $0 | $0 |
| Robert Villarreal | Board Treasurer Until 10/24 | 2 | $0 | $0 | $0 | $0 |
| Betsy Biemann | Board Vice Chair Until 10/24 | 2 | $0 | $0 | $0 | $0 |
| Donna Gambrell | Board Chair Until 12/24 | 2 | $0 | $0 | $0 | $0 |
Harold Pettigrew
President & CEO
$480.7K
Hrs/Wk
40
Compensation
$468.9K
Related Orgs
$0
Other
$11.8K
Amber Kuchar Bell
Evp, Chief Strategy & Oper
$381.5K
Hrs/Wk
40
Compensation
$347.1K
Related Orgs
$0
Other
$34.4K
Dafina Williams
Evp, Chief External Affair
$291.5K
Hrs/Wk
40
Compensation
$267.5K
Related Orgs
$0
Other
$24K
Brendon Miller Since 124
Evp, Chief Of Staff & Head Of Communications
$278K
Hrs/Wk
40
Compensation
$277.3K
Related Orgs
$0
Other
$767
Mary Wright
Svp, Financial Servi
$239.7K
Hrs/Wk
40
Compensation
$230K
Related Orgs
$0
Other
$9,733
Shakeyda Daniels
Svp, Financial Servi
$227.3K
Hrs/Wk
40
Compensation
$209.7K
Related Orgs
$0
Other
$17.6K
Kevin Fryatt Since 624
Evp, Chief Operating Officer
$163K
Hrs/Wk
40
Compensation
$153.9K
Related Orgs
$0
Other
$9,129
Henry Jimenez
Board Vice Chair Since 10/24
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
David Beck
Board Member Until 10/24
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Robert Villarreal
Board Treasurer Until 10/24
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Betsy Biemann
Board Vice Chair Until 10/24
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Donna Gambrell
Board Chair Until 12/24
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Seth Julyan | Evp, Chief Network Officer | 40 | $269.3K | $0 | $30.1K | $299.4K |
| Tamara Frye | Svp, Human Resources | 40 | $200.7K | $0 | $18.5K | $219.2K |
| Lisa Chensvold | Svp, Strategic Commu | 40 | $191.8K | $0 |
Seth Julyan
Evp, Chief Network Officer
$299.4K
Hrs/Wk
40
Compensation
$269.3K
Related Orgs
$0
Other
$30.1K
Tamara Frye
Svp, Human Resources
$219.2K
Hrs/Wk
40
Compensation
$200.7K
Related Orgs
$0
Other
$18.5K
Lisa Chensvold
Svp, Strategic Commu
$210.7K
Hrs/Wk
40
Compensation
$191.8K
Related Orgs
$0
Other
$18.9K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Aisha Benson | Board Member | 2 | $0 | $0 | $0 | $0 |
| Ariel Meyerstein | Board Member Since 6/24 | 2 | $0 | $0 | $0 | $0 |
| Arlo Washington | Board Member Since 10/24 | 2 | $0 | $0 | $0 | $0 |
| Christina Travers | Board Treasurer Since 10/24 | 2 | $0 | $0 | $0 | $0 |
| Elena Gonzales | Board Member Until 10/24 | 2 | $0 | $0 | $0 | $0 |
| John Holdsclaw Iv |
Aisha Benson
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Ariel Meyerstein
Board Member Since 6/24
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Arlo Washington
Board Member Since 10/24
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Individuals who previously served as officers or key employees.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Beth Lipson Until 324 | Evp, Chief Financial Offic | 40 | $230.5K | $0 | $9,305 | $239.8K |
| Bhumip Patel Until 1024 | Svp, Accounting & Fi | 40 | $204K | $0 | $8,484 | $212.5K |
Beth Lipson Until 324
Evp, Chief Financial Offic
$239.8K
Hrs/Wk
40
Compensation
$230.5K
Related Orgs
$0
Other
$9,305
Bhumip Patel Until 1024
Svp, Accounting & Fi
$212.5K
Hrs/Wk
40
Compensation
$204K
Related Orgs
$0
Other
$8,484
| $42.8M |
| $22.1M |
| $225.4M |
| $100.7M |
| 2020 | $30.8M | $21.8M | $24.1M | $189.4M | $65.3M |
| 2019 | $16.5M | $7.6M | $11M | $152M | $58.4M |
| 2018 | $13.1M | $4.2M | $10.5M | $142.1M | $52.9M |
| 2017 | $10.2M | $1.5M | $11.1M | $142.6M | $53.2M |
| 2016 | $11.6M | $4.8M | $14.4M | $143.2M | $51.5M |
| 2015 | $13.5M | $6.3M | $12.5M | $132.5M | $54.3M |
| 2014 | $17.3M | $10.1M | $11.9M | $125.3M | $53.4M |
| 2013 | $10.6M | $4.1M | $11.9M | $112.1M | $48M |
| 2012 | $19.5M | $12.4M | $19.7M | $114.1M | $49.5M |
| 2011 | $40.7M | $35.1M | $15.3M | $109.6M | $49.8M |
PDF not yet published by IRSView Filing → |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data | PDF not yet published by IRS |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| $18.9K |
| $210.7K |
| Adrienne Smith | Svp, Research | 40 | $185.7K | $0 | $7,942 | $193.7K |
| Sindhu Lakshmanan | Svp, Development Ser | 40 | $175K | $0 | $13.8K | $188.8K |
| Jessel Amin Since 624 | Evp, Chief Investment Officer | 40 | $175.5K | $0 | $9,075 | $184.5K |
| Mary Scott Balys | Vp, Public Policy | 40 | $160.4K | $0 | $6,955 | $167.4K |
Adrienne Smith
Svp, Research
$193.7K
Hrs/Wk
40
Compensation
$185.7K
Related Orgs
$0
Other
$7,942
Sindhu Lakshmanan
Svp, Development Ser
$188.8K
Hrs/Wk
40
Compensation
$175K
Related Orgs
$0
Other
$13.8K
Jessel Amin Since 624
Evp, Chief Investment Officer
$184.5K
Hrs/Wk
40
Compensation
$175.5K
Related Orgs
$0
Other
$9,075
Mary Scott Balys
Vp, Public Policy
$167.4K
Hrs/Wk
40
Compensation
$160.4K
Related Orgs
$0
Other
$6,955
| Board Member Since 10/24 |
| 2 |
| $0 |
| $0 |
| $0 |
| $0 |
| Marla Bilonick | Board Member Until 10/24 | 2 | $0 | $0 | $0 | $0 |
| Martina Edwards | Board Member | 2 | $0 | $0 | $0 | $0 |
| Nelly Rojas-Moreno | Board Member Since 10/24 | 2 | $0 | $0 | $0 | $0 |
| Sara Razavi | Board Member | 2 | $0 | $0 | $0 | $0 |
| Skya Ducheneaux | Board Member Since 10/24 | 2 | $0 | $0 | $0 | $0 |
| Ted Piccolo | Board Member | 2 | $0 | $0 | $0 | $0 |
Christina Travers
Board Treasurer Since 10/24
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Elena Gonzales
Board Member Until 10/24
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
John Holdsclaw Iv
Board Member Since 10/24
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Marla Bilonick
Board Member Until 10/24
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Martina Edwards
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Nelly Rojas-Moreno
Board Member Since 10/24
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Sara Razavi
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Skya Ducheneaux
Board Member Since 10/24
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Ted Piccolo
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0